New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-27
MEYER WOULD NOT AID IVES.
rRr1TLEss VISIT TO NEW-BRUNSwICK,
srcUr1rIEs THAT WERE TO BE SOLD WITHDRAWN


srCUuIrIEs THAT WERE TO BE SOLD WITHDRAWN
FROM SALE.
The large lot of securities pledged 10y ives o.
m Irving A. Evans Co, of Boston. which has been
advertised for sale at auction several times was
,,,hdraOn arqln Yesterday. IL was reported IN
Wall Street that the claim had been rai0. but the
,pmor was iound to be incorrect small part Of II
vas paid hut the exact amount was not ascertdlhed
The face value of the securities Ia somewhere u inc
irhhorbood OF So, 800. 900, while the loan they
mrport is less than $500 600. Some Of he creditors.
whose claims are not we'll secured. were preVahod
noon to chip IN enough money to prevent -acTiHcc
The creditors and particularly TIE unsecurou o"
are interested in postponlng the ordeh o' on o'IH
market rs long possible. although II wouu "o' 70
diffcult thing perhaps. to provide by bidders from
The s>nGicate which some persons imagine may oo
iormed to take up the Ives loans. ii Is presum'oe
that the frm placed reasonable Vau"tioh on ',o
not when il pledged the securities Out IL INC e''0
should realize only enough to discharge 'ne .o""' "
considerable part OF the mythical surplus OF ives
90 would be extinguished at once. he e"ec' Oh
o., naance of the assets would b. merely matter OF
arthmetical computation. The members oil the hrin'
,b ASSIGNEE ana his counsel Ar d. IN tact, every ono
I~cnDiarv interested in the Ives failure recognize me
iD,oriauce of protecting the value OF the hypotne
3,.pntches from New Brunswick, n. j.. the home of
CbistOVhe Never. who Is now Nce-presideht oI tno
(ucuuati Hamilton and DAYTON abroad, state that
NJ ives and mis- principal partner, with assignee
Cromwell, visited Mr.. Never on Thursday mEht i9r
rcd that the partners exhibited e as-lgnees sta'e
reut which shows u nominal surplus OF something
over 81 dJC 900. aud requested Mr.. Meyer 10 lehd
them . 900. 900 on this account. With tins sum a
LARGE part thu securities could be released anH Oh
course the value Of them would preclae IN ine 10
spch an extent IA TO relieve the nlm rs wen "S 10
benefit the lender. he published olSpa'c'e' "'e
.u'lority for the statement that Nr. Meyer dtcle'
these catering ovrrturcs, but n old not saw WhP'hoV
he discussed with Nj. Stayner the DeEunlhS ana con-
sequences of their acquaintance. The ne" yicr-pItsF
dent apparently seemed to ene. tam tie )aloh t"a1
rs interest in tho Ives rail- Dads was already Hu IL
GENTLY large even for millionaire Nnether lie
finally supplied tie SO 90 or S3O,OOo when aNaIcu
10 preveut the advertised sale is not gDoMn.
Christopher Never when seen ny n VNE i'-
porer last night had little to say III regard u inc
offer made MIN bv Ives. but that was because IN re-
WIS little to be sand Ives he said. came upon MN
without warning without sending hun word. "
learned nothing OF bis affairs said Mr. Meyer, ana
,hd not even take the trouble Ia look az the day
books and memorandum books he BROUGHT W ~ him
j simply told him tia; would not loan h!m tue
money and he Withdrew.
What do YOU think OF the Ives ahair = was asked
Frankly | think that he was night when he '"ld
that # he could rCt money low lie could pay every
dollar he owes II he is not hurr' ed 80 that MS
securities are sold at sacrifice he will not only ray
every dollar bat he will have u handsome margin
remaining | believed him when lie said q last
mint. but did pot he iIed up in the case
more than necessarily am now. and reused TO
loan him any money. With GOODNESS on the part oil
his creditors lve- will pull through
he detailed statement OF the aaalrs oil ives " Co.
viii not be ready until next week.